Wednesday, June 29, 2016

Eurozone To Fail? George Soros Bets €100m AGAINST Deutsche Bank

by Phil T. Looker, 27 June, 2016

George Soros, the man lifted himself from ordinarily rich speculator to rank alongside the Rothschilds and Buffets of global finance, the people who can affect the destinies of large nations by trashing the Thai economy with a massive speculation against their currency, the Bhat, in the 1990s and who later "broke the Bank of England" took a short position of 0.51 per cent in Deutsche Bank shares on Friday - the day after the people of Britain backed Brexit. (what is short selling?)

It has been known for over a year that the failure of the European single currency and the insolvency of Europe's weaker economies that has cause has left German and French banks dangerously exposed to 'Club Mediterranean' debt. That in itself is a major problem for Germany, but the burden imposed on fedral and state budgets by mass immigration has left the German government little room to manoeuvre. With the number of alarm bells and flashing lights increasing every day to show that Angela Merkel's economy is struggling desperately and though the decision taken by Britain's voters to quit the failing EU has not helped, Germany's problems are much deeper than a short term consequence of Brexit. Soros Fund Management said immediately after the Brexit result its short position was now 0.46 per cent - suggesting it had begun to take profits from the trade.

However since the momentous decision, shares at Deutsche have dramatically slumped.

At one point, shares were down by more than 13 per cent compared with Friday's high point.

Banks across Europe have been left battered by Britain's decision to turn its back on Brussels in a historic referendum on June 23, but Deutsche Bank is especially troubled. The bank, which is undergoing a deep restructuring, has been hamstrung by the fallout from the financial crisis, posting a record loss of €6.8billion in 2015. Around a year ago, John Cryan took over as the bank's new CEO, with a clear mandate to slash jobs and costs.

Since then the bank's share price has dropped by nearly 60 per cent, making it one of the lowest-valued international banks.

The latest hit on Deutsche Bank's financial credibility comes after Soros, who made $1bn by famously positioning himself against sterling 22 years ago, said a British exodus from the bloc would make the eventual dissolution of the EU "practically irreversible". Soros, 85, said that Brexit was the final nail in the coffin for the EU.

George Soros made around £690m after his infamous bet that sterling was overvalued against the Deutsche Mark, which forced former Prime Minister John Major to pull the pound out of the European Exchange Rate Mechanism (ERM). Short selling is a type of transaction that involves making forward contracts to sell shares, commodities, derivatives or currency that you don't have, at a certain price on a fixed date. The short seller is betting they can buy whatever is needed to fulfill the contract at a lower price than the agreed sale. One of the negative aspects of computerised trading is that it enables speculators to manipulate markets.

With a referendum in Italy, ostensibly on constitutional reforms but perceived as a referendum on the leadership of the ruling elite, looming in November and the anti - globalisation, pro sovereignty Five Star Party growing in popularity all the time. Should the constitutional changes be voted down, and the against campaign is showing a comfortable lead in opinion polls at the moment, it will put a Quitaly in-out referendum, similar to the so called Brexit vote that kick off the process of Britain leaving the European Union, at the top of the agenda.

DC Leaks is a new kid on the block in the whistleblowing business but they are very successfully going after billionaire investor and puppet master. Having already exposed Soros' sponsorship of US terror group Black Lives Matter, and his links with the corrupt and careless Hillary Clinton, they have now reveald how Soros manipulates the media.

Is Brexit A Harbinger Of Doom For The 'Experts'
The Brexit vote, the decision by a democratic majority in Britain to leave the European Union has sent shockwaves around the world. Not only does the EU now face a tsunami of departures, the usurpation of democracy by 'experts' ( technocrats ) has been challenged and exposed as a sham.

BREXIT vs. GREXIT – The Truth About The European Union And How It Treats Members
Unless the testicularly deficient politicians stand up for their nations he only thing that will halt the European Union's push beyond Europe's geographical borders to incorporate Asian, middle eastern and north African nations is war. Power is addictive and the bean counters of Brussels have ambitions far beyond Europe.

When I had to defriend a Facebook contact because she was arguing in favour of the EU, it was not simply because I support Brexit that I had become pissed of with her, it was the snobbish and condescending way she dismissed supporters of LEAVE and their case. People are entitled to their opinion on the European Union, but they should check the 'facts' they post in support of their arguments.

After my short intro is a savage indictment by Brexit supporting Labour MP Kate Hoey of the way the Labour Party has abandoned the working class and is now trying to betray the party's proud heritage and its roots in the industrial areas by taking Britain into an undemocratic, corporate controlled, capitalist friendly, elite dominated globalist control freak project.

Few of you were aware probably that there is an EU referendum vote in The Netherlands this week. As usual with anything negative about the EU barely a word has been printed in the topic in mainstream media and the silence from our notionally unbiased national broadcaster The Bolshevik Broadcasting Corporation (BBC) has been deafening.

Europeans want us British to lead them out of Europe. Don't be fooled by project fear, the European Union (aka the Euronazi Federal Superstate) is falling apart. There will not be chaos if we leave, there will be chaos if we stay.

Brexit would be the best result of Britainâ€™s in / out referendum for both Britain and the EU i a Belgian professor who heads up the European Institute at the London School of Economics (LSE) has said.

OK, I know a lot of you think Boris is most accurately described by a word many people find offensive, but heâ€™s put together a very good argument here on why we must leave the EU. Published in part here under â€˜fair useâ€™ terms and conditions, in the public interest ...